This record will enable one to keep an account with any one of the crops grown on the farm. It is published for the convenience of farmers who wish to make a study of the cost of producing wheat, corn, oats, potatoes, hay or other crops and for members of Junior Crop Clubs. For an one kind of crop is will show the:1) net profit or loss for the year2) returns per hour of man labor,3) cost per bushel or ton

Kumlien, W.F.

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South Dakota State UniversityOpen PRAIRIE: Open Public Research Access InstitutionalRepository and Information ExchangeCooperative Extension Circulars: 1917-1950 SDSU Extension10-1923How To Keep An Account With A CropW.F. KumlienFollow this and additional works at: http://openprairie.sdstate.edu/extension_circThis Circular is brought to you for free and open access by the SDSU Extension at Open PRAIRIE: Open Public Research Access InstitutionalRepository and Information Exchange. It has been accepted for inclusion in Cooperative Extension Circulars: 1917-1950 by an authorizedadministrator of Open PRAIRIE: Open Public Research Access Institutional Repository and Information Exchange. For more information, pleasecontact michael.biondo@sdstate.edu.Recommended CitationKumlien, W.F., "How To Keep An Account With A Crop" (1923). Cooperative Extension Circulars: 1917-1950. Paper 164.http://openprairie.sdstate.edu/extension_circ/164.\ ! j Extension Circular No. 165 October, 1923 HOW TO KEEP AN ACCOUNT WITH A CROP This record will enable one to keep an ac­count with any one of the crops grown on the farm. It is published for the convenience of far­mers who wish to make a study of the cost of producing wheat, corn, oats, potatoes, hay or other crops and for members of Junior Crop Clubs. For any one kind of crop it will show the (a) net profit or loss for the year, (b) return.2 per hour of man labor, ( c) cost per bushel or ton. EXTENSION SERVICE South Dakota State College BROOKINGS, S. DAK, Dl•trlbuted In furtherance of Act• of Congre•• of Ma7 8 and June 30, 1914. W. F. Kumllen, Director Name............................................................................ Post Office ................................... . County ................................................................ , ....... Kind of Crop ...............................• LABOR RECORD Keep a daily record of the work done on this crop on pages 2 to 4. At the end of the year the totals of each kind of labor should be carried to the summary and charged at estimated rates. Keep a record of man labor, horse labor and tractor use in hours and fractions of hours. Record work to the nearest quarter hour. In recording horse labor7 re­duce to the basis of labor for one horse. Harrowing five hours by a man and four horses should be recorded as five man hours and 20 horse hours. Crop ........................................................................... . Acres ......................................... . I Man Horse Tractor Truck Date Kind of Work hours hours hours miles ::::::::::::I:::::::::::::::::::::::::::::::::::::::::::::::::::::: :::::::I::::::::::::: :: I:::::::::::::::: I::::::::::::::.: I:::::::::::::::: ............ ······.······················································· ················ ················ ................ 1 ............... . ............ .............................................................. ················ ................ I ................ I ............... . • ' . ' ............ ...... : ....................................................... , ................ -·····-········· ---------------- ····-----, ··-·· ............ ...... : ....................................................... , ................ ................ ----------------'---·········-··· ............ ·····························-··········-------·--············l---·····-······· ----------------'----------------'---------------· :::::::::::: ::::::: :::::::::::::::::::: ::: :::: :::::: : :::::::: :::::::::I:::::::::::::::: ::::::::::::::::I::::: :::: ::··:. i:::::::: :: : .: :: ............ ································--------------,---------------'---------------- ................ 1................ -···-·······-··· ............ ........................................ · ............... · ..... , ................ l ................ , ................ 1 ... - ........... . ............ ...... ......................... .. . ............................ 1 ................ . ··············· ' ................ 1 ............... . :::::::::::: ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::I:::::::::::::::: I:::::::::::::::: I:::::::::::::::: I::::::::::::::: ............ ················································ · ............. 1 ................ 1 ................ ,................ 1...... -.. - .... . ············ ······························.····················-·········-l ................................ 1 ................ 1 •............ ···-····-··- ··------------·······-----··-·-·-------··---···· - · _______ -·--·I--··------------ --·--···-···----'----------------'-------· .. _____ _ ............ .............................................................. ' ················ ................ ················ .............. , . . .... · - .... ······························································ ................ ................ 1 ................ ················ LABOR RECORD-Continued I Man Horse Tractor Truck Date Kind of Work hours hours hours miles ::::: '::::1::::::::::::::::::::::: :::: :::: : :::::::::::::::::::::::1 :::::::::: :1'::::::::::::::::1::::::::::::::::1::::::::::::::--. I I ::::::::::::11 ::: :::: :: : ::::::: : ::::::::::: ::: :::::: ::::::::l::::::: :::::::l::::::::::::::::11 :::::::::::::::: 1 :::::::::------r I I - ---------- _______ _ ______ __ __________ _____ ______ _______________ 1 _________ _____ 1 ______ ____ :::1::::::::::::::::1:::::::::::::::: ------------ -------------------------------------------------------------- ---------------- ----------------1---------------- ----------------:::::: ·::::: ::::::: ::: ::::::::::::::::::::::::::::::::: ::::::::::::::::::: :::::. :: ::::: ::: :::::::::: :: ::::I:::::::::::::::: I:::::::::::::::-LABOR RECORD-Continued I\ Man I Horse Tractor Truck Date j Kind of Work hours hours hours miles I I I I , ............. ·····-·-····-················································-1--------········ ................ ················ ............... ............. I .............................................................. I ................ ................ ................ ................ . ············!······························································ ················ ······••········ ................ ················ ::::::::::::I::::::::::::::: ::::::::::::::: :: : : : ::::::::: ::: :: : : : ::::::: ::::::::: ::::::: : : ::::: ::::::::: :::::: :::::::::: :::::::::::: ·::: . ··::····· --- --------------------------------------------------------------I---------------- ---------------- ---------------- ----···::::::::: ············ ······························································ ················ ................ , ................ ..... ·.'......... ............. \ .............................................................. ················ ................ 1 ................ ················ ············I·····-···········-·················-············-······-······ ··············-· -·············-- ·····-·········· ·············-·· ·:::··:·· ·· 1 ··--------------- :---:: -::::::::: :::: ::::::: ::: ::::::1:::::::::::::::: I:: ··:·-·--------1:: ______________ _____________ ::: ............ , .............................................................. ················ ················ .......... ,..... ················ ::::::: ..... ·····························································-1 ................ ···•····•······· ::::::::::::::::I��---;·-····· •........... .............................................................. 1 ................ ················ ················ ················ ············ ........................................................... ,.. \ ................ ················ ················ ················ ·::···:::::: :::::::::::::::::::::::::::::::::::::::::: :::::::::: :::::::\ ::::::::::::::: ::::::.::::::::: ::::::·········· ················ RECEIPTS FROM ...............................•.......... CROP Crop Sold Crop Fed Date ·Details 1-A-mo-un-t I Value Amount 1-V-alu-e t I ·········---!---···························································I---············· ················ ················ ················ I I I .........•.. .............................................................. ················ ................ .•.............. 1 .............•.• � ...... ' ... .............................................................. \ ................ ................ ············----' ............... . . I I ............ .............................................................. 1 ................ ................ ················ ················ I : .: ·::::::::I:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: II:::::::::::::::: ::::::::::::::::I:::::::::::::::: :::::::: :::::::: ll I I I : ........ ::: .... :::: .... ::.::::::::::::::::: :::::::::::::::::::::::::::::,:::::::::::::::: ::::::::: :::: :!:::::: :::::: : :::::: ::::::::: ............ .............................................................. 1 ................ ................ 1 ................ ,............... . ............ .............................................................. 1 ......... -...... l ................ ................ ! ............... . I . I I ............ ' .............................................................. 1 ................ ................ ················ ............... . ............ .............................................................. l ................ ................ ................ , ............... . :: : . :::::::I:::::::::::::::::::::::::::::::: ..... :··:::::::::::::::::::::: I:::::::::::::::: I:::::::::::::::: I:::::::::::::::: I:::::::::::::::: . I .. ·. :······ ·········-··············-··-·········-·················--····· -···-··········· ................ , ................ ·········-·····-········ I······························································ ................ ················1················ ················ I . : ......... 1............... -------------- ---... -----: ...... ::::::::::::I :::::::::::::::: I:::::::::::::::: I :::: ::: :: :::::: :: :: :::: :::::::: I . i ::::::::::::I:::::::::::::::::::: ...... ::::::.: ........... ::::::::::::::::: I:::::::::::::::: ::::::::::::::::I:::::::::::::::: :::::::::::::::: MISCELLANEOUS CASH EXPENSES FOR CROP Date Item of Expense Amount ------------1-------------------------------------------·········---------------------------------------------··········-1----················ I I . ------------ -----------------------------------------······-------------------------------·-···························· 1----·-·············· I ------------ ------------------------------------------------------------------------------------------------------------1-------------------------------- ------------------------------------------------------------------------------------·-----------------------1--------------------------------I------------------------------------------------------------------------------------------------------------'--------------------. I ------------1------------------------------------------------------------------------------------------------------------ l-----·--------------::::::::::::I :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: !:::::::::::::::::: I - I .. -------------1--------------------------------------------------------------------------------------------···-·-------···· !---------· ·------' . I ------------1---------------------------------------------------------------------------------------------------·-······-1--------------------.. ----______ J _ --· --····--- --------------------------------------------------------_·· .. __________________________ , ________________ ·.. __ SUMMARY OF CROP ACCOUNT 1. Crop Sold 2. Crop Fed to Stock 3. Crop on Hand 4. Total, lines 1 to 3 5. Seed Used 6. Man Labor 7. Horse Labor 8. Tractor Use 9. Truck Use 10. Twine 11. Treshing 12. Corn Husking 13. Silo Filling 14. Machinery Charge 15. Miscellaneous Cash Expense 16. Overhead Charge 17. Land Charge or Rent 18. Total Expenses, lines 5 to 1 7 19. Cost per Acre 20. Cost per Bushel or Ton Amount 21. Net Gain or Loss, line 4 minus line 18 22. Returns per Hour of Man Labor Price $--------------------Value $--------------------HOW TO KEEP THE RECORD Receipts Consider only the crop grown during the year for which this record is kept. Seed Used Seed raised on the farm should be included as well as seed bought. Man Labor · Total the man labor hours on pages 2 to 4 of this circular. To find the ap­proximate hourly rate to charge, add to the average monthly wage the cost of board and divide by the number of hours worked per month. On the Cost Route at Oldham in 1922 the average monthly wage was $32, the cost of board $20, the aver­age number of hour:s worked per month 228, and the cost per hour 23 cents. Horse Labor Total the hours of horse labor and carry to line 7 of the summary. The cost of horse labor varies with the cost of keeping work horses and with the number of hours work they perform in a year. The Cost Route average in 1922 was 813 hours labor at a cost of $81.16 per horse or 10 cents per hour. Tractor and Truck, If Used Total the hours of tractor use and the miles of truck use on pages 2 to 4. Ch�W,e to the crop at cost or at an estimated rate. Estimates. based upon actual recoras will be furnished upon request. Threshing, Corn Husking, Silo Filling ,.· Enter the actual cost. This may include a charge for some labor not entered in the labor record on page:s 2 to 4. Machinery Charge Charge 65 cents per acre for small grain and $1 per acre for corn. Miscellaneous Cash Items Enter here the cost of spray materials, hail insurance and other cash expenses. Overhead Charge There is a certain amount of general expense in running a farm that cannot be charged to any one crop or class of livestock. This overhead ordinarily repre­sents about 5 1-2 percent of the sum of the costs expressed in lines 5 to 15 of the summary. Land Charge or Rent Use either the current cash rent or 6 percent interest on a conservative valuation. Cost per Acre Divide the total expenses (line 18) by the number of acres. Cost per Bushel or Ton • Divide the acre cost (line 19) by the yield per acre in bushels or tons. Return per Hour of Man Labor Cost of man labor plus net gain or minus net loss divided by the total number ot pian hours. �r estimates of the cost of man and horse labor or the cost or: tractor and truck operation or for any other information regarding the keeping or summarizing of this record write to the Farm Management Demonstrator, South Dakota State C'ollege, Brookings, S. Dak. 

How To Keep An Account With A Crop

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How To Keep An Account With A Crop

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